January 11, 2010

Cities searching for a much-needed cash infusion are taking note of an innovative program offered by Class Green Capital Partners, which can let cities realize tens of millions in untapped financial resources while also helping them advance their environmental sustainability goals.

"I was mayor of a city for 14 years, so I know how rare it is to find one solution that solves two big problems – in this case, access to capital in tough economic times and delivering environmental sustainability," said Dan Malloy, former mayor of Stamford (CT), who last month joined Class Green as senior director. "When Class Green described to me how they could provide a substantial capital infusion to corporate and government property owners while improving and greening the buildings themselves, they got my attention. After learning more about their offerings and getting to know the team, I decided to join the company myself."

Class Green Capital acquires commercial real estate assets owned or leased by cities, counties, states, and corporations, and improves their energy, environmental and overall economic performance, in conjunction with a long-term commitment to the asset by the tenant (including a tenant repurchase option, if appropriate).

"With substantial capital behind us we are thoroughly committed to the greening of America's corporate and government buildings," said John Hirschfeld, CEO of Class Green. "Our senior team of real estate finance, engineering, municipal and sustainability experts know how to customize solutions to meet a city's specific financial, operational and sustainability priorities."

Class Green transactions typically involve single-tenant office buildings valued between $10 million and $100 million, but can involve other property types as well (schools, courthouses, etc.). In the case of a city, Class Green can either do a sale-leaseback of city-owned properties (providing significant, general-purpose cash to the city), or purchase city-leased properties from third-party owners.

For more information on how Class Green can help cities improve energy and environmental performance while raising substantial capital, go to the website classgreencapital.com, or call Dan Malloy at 646-619-9419.

This article was paid for by Class Green Capital Partners.